Monday, September 24, 2007
Both Cable (GBP) and Euro are looking great for long trades intra-day, provided they maintain above the current trendline. See this update for the trend-lines, and future support/resistance levels.:
Click here for FibMaster's chart update. This video will open in a new window.
(At some future point these update files will be removed due to space restrictions)
Posted by FibMaster @ 07:56 AM PST [Link]
Thursday, September 20, 2007
How do you get the TRSI indicator?
First, you should confirm that you have charting software that will display the TRSI indicator. The list of supported software is listed below. Next, you will want to know how to use the TRSI. You can learn this in my video seminar Trading with the Trend. The TRSI is only available to traders who have bought that seminar from me. Send me an email to request the TRSI if you have that seminar.
What is the TRSI?
The TRSI is a proprietary indicator developed by Neal FibMaster Hughes, as a tool to help define trend, as well as provide entry and exit triggers. This indicator is proprietary, only released to certain FibMaster clients. Since it is to our advantage to protect our edge in the markets, this indicator is provided on the basis that it will be kept confidential and not be distributed without approval.
How can you learn to use the TRSI?
The techniques used to apply the TRSI were developed over years of trading the markets, using the MACD and Stochastic. Since most traders do not have the TRSI, I have a video seminar (called Trading the Trend), which teaches these techniques using the MACD and Stochastic. The TRSI is described/mentioned at the end of that seminar, in the text portion. The TRSI is obviously superior to the MACD/Stochastic, so if you have the following charting systems, you should use the TRSI instead. Details about the Trading the Trend seminar are here;
http://www.fibmarkets.com/videoseminar/
I do have live teleconference seminars to teach traders the correct way to use the TRSI, watch the following web page for details;
http://www.fibmarkets.com/pro_seminars/index.html
What software is required to display the TRSI?
The TRSI is currently programmed for the following charting systems;
Ensign, TradeStation, Genesis, AmiBroker, VTtrader, Esignal, Metastock.
I am asked quite frequently, so it is worth saying here that I do not have a TRSI formula for the MT4 (MetaTrader) charting system. If you have MT4 (MetaTrader), or any other unsupported charting system, you should use the MACD/Stochastic combination instead (see above).
Oh, one last thing..
This is not an indicator suitable for automated trading systems. For that matter, are there any indicators suitable for automated trading systems?? LOL!
Posted by FibMaster @ 10:25 AM PST [Link]
> Despite the download problems I am impressed with your
> integrity and helpfulness. You always respond to my emails the same day.
>
> You would be surprised how many of the big name Gurus are only
> interested in the money and if there are problems, then well you are
> kindly advised to contact the technical department. Who reply at their
> own very leisurely pace only to fob you off to some other department.
>
> Keep up the good work.
>
> Adam
Posted by FibMaster @ 09:30 AM PST [Link]
Tuesday, September 18, 2007
Today's interest rate announcements had a dramatic effect on the key indices.. I recorded this update overnight so that you will have a framework for trading tomorrow morning. In summary, as long as we don't take out the prior swing lows on intraday (60-minute) charts, our plan is to buy dips and take profit on rallies (intraday). See todays market update for specific support/resistance levels:
Click here for FibMaster's chart update. This video will open in a new window.
(At some future point these update files will be removed due to space restrictions)
Posted by FibMaster @ 08:41 PM PST [Link]
Ty wrote:
> Neal,
>
> I ordered your Fib seminars a little over a week ago.
> In less than a week since, I have sat back and watched the Euro (three times now)
> blow through several Fib levels and abruptly stop and retract at an SK level.
>
>Again, I am so impressed. WOW!!! Thanks. ty
>
Thanks Ty, that's great. Those Fibonacci SK support levels are amazing yes?
-Neal.
Posted by FibMaster @ 06:36 PM PST [Link]
Cable has reached an intraday support level, and could set up for another great short. The Euro and Yen are also setting up for good trading. See todays market update for specific details:
Click here for FibMaster's chart update. This video will open in a new window.
(At some future point these update files will be removed due to space restrictions)
Posted by FibMaster @ 08:34 AM PST [Link]
Ty wrote:
> Hi Neal,
>
> I spent the night getting acquainted with the TRSI while keeping my MACD and Stoch on the chart...this is so cool. Question for you. I've always used two - four moving averages on my charts to get a grip on the trend (I have multiple screens - four). Keeping in mind that I'm primarily an intra-day trader, I couldn't help but notice that the TRSI has made my EMAs obsolete. In fact, now that I'm using Fib retracements, the EMAs only seem to clutter up the chart. Besides the TRSI appears to turn sooner than the EMAs. Am I reading things right? ty
Ty,
Yes, you're on the right track. The TRSI will take up less real-estate, and generally give more reliable triggers and also trend.
-Neal.
Posted by FibMaster @ 08:29 AM PST [Link]
Friday, September 14, 2007
Cable has some excellent trades right now! See todays market update for specific details on what the pound is doing and where it is likely going:
Click here for FibMaster's chart update. This video will open in a new window.
(At some future point these update files will be removed due to space restrictions)
Posted by FibMaster @ 08:36 AM PST [Link]
You are invited to FibMaster's live seminars. These are conference call seminars, packed with practical tips and techniques to help you improve your trading.
The seminars are limited to 10 attendees, to ensure that your questions will be answered. - There are only a few seats left, reserve your seat today!
These seminars are appropriate for all traders, including traders of Stocks, FOREX, Futures/Minis.
See details here:
http://www.fibmarkets.com/pro_seminars
Posted by FibMaster @ 08:06 AM PST [Link]
Tuesday, September 11, 2007
The S&P does not have a strong trend at this time. There are intraday profit opportunities, but be careful. A market with a weak trend can be a painful one. See todays market update for specific support/resistance levels:
Click here for FibMaster's chart update. This video will open in a new window.
(At some future point these update files will be removed due to space restrictions)
Posted by FibMaster @ 08:23 AM PST [Link]
Tsutae wrote:
> Hello,
>
> I have a few questions on trading with the trend seminar video.
>
> I understand you set the MACD 8/17/9. What are the parameters on the stochastic indicator?
>
> I see you placed a moving average on the chart. What kind of MA do you use? EMA? SMA? And, I would like to know the parameter, too.
>
> Lastly, because I do not have power point, I can't watch the slide-show. Are there other ways to watch it without power point?
>
> Thank you.
>
> Tsutae
There are free power-point viewers. You can download "Open Office", it will play powerpoint.
The moving average was probably the 3-period simple, displaced by 3 days.
See here about the Stochastic:
http://www.fibmarkets.com/mem/archives/00000448.html
-Neal.
Posted by FibMaster @ 08:19 AM PST [Link]
Monday, September 10, 2007
Euro has been bullish, but is in danger zone, Cable also is at potential resistance. And the Swiss chart is near support. See todays market update for specific support/resistance levels:
Click here for FibMaster's chart update. This video will open in a new window.
(At some future point these update files will be removed due to space restrictions)
Posted by FibMaster @ 07:44 AM PST [Link]
Friday, September 7, 2007
After a great summer of sailing and adventure, it's a culture shock to be back in cities, wow. Commercials, and the smell of pollution.. Oh we're here for FOREX charts... In today's update I do a scan of the major USD pairs, looking at price action and the TRSI indicator to get a sense of the current market direction.
See todays market update for details:
Click here for FibMaster's chart update. This video will open in a new window.
(At some future point these update files will be removed due to space restrictions)
Posted by FibMaster @ 07:31 AM PST [Link]
